Portugal

The jewelry ride, Richemont increases sales by 16%

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 14:56:25 UTC.

Briefings

Richemont reported a 16% increase in third-quarter jewelry sales to 12.3 billion euros, driven by strong demand for Cartier Love and Van Cleef & Arpels collections. The group's total sales grew 19% globally, with Asia-Pacific leading at 4.014 billion euros. Key metrics include a 18% rise in gross profit to 8.165 billion euros and a 39% increase in net profit to 2.528 billion euros, though these figures exclude a 229 billion euro one-time gain. Regional performance varied, with Americas sales up 23% and Japan up 18%, while Middle East and Africa sales fell 2% due to reduced tourism.

Key points

• Richemont's third-quarter jewelry sales reached 12.3 billion euros, representing a 16% year-over-year increase.
• Asia-Pacific markets accounted for the largest sales volume at 4.014 billion euros, up 17% in the third quarter.

Context

Richemont, the parent company of Cartier and Van Cleef & Arpels, reported these figures in its third-quarter results. The company highlighted strong consumer demand for specific luxury collections like Love and Panthère, which drove significant growth in its jewelry division.

Limitations

Data excludes a 229 billion euro one-time gain from tariffs, which would have reduced the reported operational profit. Regional sales figures are based on effective exchange rates for Asia-Pacific and constant rates for other regions, and tourism decline in the Middle East and Africa significantly impacted sales in those areas.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 14/11/2026, 03:57:27 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeifpx42lcrcjxcguv2s7ehlgyjnn3jcj7tyyb35upmbmhnfveyjn3u